IT Trends Spending on Devices Will Fall While Cloud Infrastructure Will See Significant Growth, Reports Say Worldwide IT spending is projected to increase 5.5% this year to a total of $4.6 trillion by the close of 2023, according to the latest forecast by market researchers at Gartner , who predict that continued economic disruptions will not impact the push for digital transformation. One of the areas in IT spending expected to see the most growth in spending is cloud infrastructure, according to International Data Corp.’s Worldwide Quarterly Enterprise Infrastructure Tracker: Buyer and Cloud Deployment . IDC said in the new report that it expects to see continuous strong demand for shared cloud infrastructure, which will surpass non-cloud infrastructure in spending this year for the first time. Spending on devices is projected to decline in 2023, as is spending on non-cloud infrastructure, IDC’s report said. “Macroeconomic headwinds are not slowing digital transformation,” said John-David Lovelock, Research Vice President and analyst at Gartner. “IT spending will remain strong, even as many countries are projected to have near-flat gross domestic product growth and high inflation in 2023. Prioritization will be critical as CIOs look to optimize spend while using digital technology to […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
